Streetbeat News

ATVI

Activision Blizzard Inc

https://www.activisionblizzard.com/

CEO

Robert Kotick

Employees

2,373

Industry

Software Publishers

activision blizzard is the world's most successful standalone interactive entertainment company. our portfolio includes some of the biggest franchises in all of entertainment, developed by the incredibly talented teams at activision publishing, blizzard entertainment, king digital entertainment, activision blizzard studios, major league gaming, and our independent studios, including toys for bob, infinity ward, sledgehammer games and treyarch. our central corporate operations provide shared services such as finance, it, sales and supply chain, human resources and legal.

Open

94.48

Mkt cap

74B

Volume

7.1M

High

94.54

P/E Ratio

34.59

52-wk high

94.57

Low

94.31

Div yield

N/A

52-wk low

70.94

The UK's Competition and Markets Authority has approved Microsoft's $69B acquisition of Activision Blizzard. Google is testing generative AI functionalities for its search tool. Cassava Sciences faces controversy over scientific misconduct allegations. Ford is struggling with UAW negotiations. EHang shares are trading higher after obtaining a certificate for its EH216-S UAV system. OpenAI is valued at $90B and is close to selling shares. TSMC is seeking permanent US approval for chip supplies. Netflix plans to launch 'Netflix House' experiences. The Kroger-Albertsons deal faces potential legal challenges. Boeing and Spirit AeroSystems are inspecting 737 Max aircraft defects. Wells Fargo, JPMorgan, Citigroup, BlackRock, and UnitedHealth reported Q3 earnings. Porsche records a 10% surge in deliveries for the first three quarters.

Portfolio Pulse from Vandana Singh

October 13, 2023 | 1:48 pm

Microsoft Corp. has completed its acquisition of Activision Blizzard Inc. for $69 billion, marking the largest deal in Microsoft's history. The deal was approved by U.S. and U.K. regulators after Microsoft agreed to transfer Activision's game streaming rights to Ubisoft Entertainment and ensure that cloud gaming providers can use non-Windows operating systems for Activision content. Activision Blizzard's popular game franchises will now be part of Microsoft's enterprise.

Portfolio Pulse from Piero Cingari

October 13, 2023 | 1:40 pm

Microsoft has officially closed its acquisition deal with Activision Blizzard, as reported by CNBC.

Portfolio Pulse from Happy Mohamed

October 13, 2023 | 12:39 pm

The UK's Competition and Markets Authority (CMA) has approved Microsoft's $69 billion acquisition of Activision Blizzard. The approval comes after Microsoft agreed to sell Activision’s game streaming rights, including the popular “Call of Duty”, to Ubisoft Entertainment. The acquisition, which aims to bolster Microsoft’s growth across console, mobile, PC, and cloud gaming, is set to be finalized by Oct. 18.

Portfolio Pulse from Rounak Jain

October 13, 2023 | 12:35 pm

The U.K.'s Competition and Markets Authority (CMA) has approved Microsoft's acquisition of Activision Blizzard, excluding Activision Blizzard's non-EEA cloud streaming rights. The approval came after Microsoft restructured the agreement to transfer cloud gaming rights for current and new Activision Blizzard games to Ubisoft. Microsoft had also cut similar deals with Nvidia and Sony to win support for the acquisition. Activision Blizzard shares are trading higher, while Microsoft shares are down.

Portfolio Pulse from Anusuya Lahiri

October 13, 2023 | 12:04 pm

US stock futures showed mixed trends on Friday, with UnitedHealth Group, Inc. (NYSE:UNH) and JPMorgan Chase & Co. (NYSE:JPM) reporting better-than-expected earnings. Rising oil prices and weak economic data from China are causing concern among traders. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both slipped in premarket trading. UnitedHealth rose about 2% in premarket trading after reporting a Q3 earnings beat. Dollar General Corp. (NYSE:DG) rallied about 8% after it brought back its previous CEO. Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) could be in focus as the U.K. antitrust regulator approved its pending acquisition by Microsoft Corp. (NASDAQ:MSFT).

Portfolio Pulse from Shanthi Rexaline

October 13, 2023 | 11:34 am

UK regulators have approved Microsoft's $69 billion acquisition of Activision Blizzard, as reported by CNBC. This move is a significant step towards the completion of the deal.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 7:16 am

Ubisoft Entertainment SA (OTC:UBSFF) has indefinitely delayed the release of its first-person shooter game, XDefiant, due to persistent issues. The game, often compared to Activision Blizzard Inc's (NASDAQ:ATVI) Call of Duty, failed console quality control tests and showed inconsistencies during public test sessions. Ubisoft has not provided a new release date but is committed to resolving the issues.

Portfolio Pulse from Franca Quarneti

October 11, 2023 | 9:27 pm

Activision Blizzard Inc. CEO Bobby Kotick believes that video games will one day be played using Elon Musk's Neuralink technology. He thinks a Neuralink-like brain interface could become one of the ways in which video games will be played. He added that Microsoft Corp. Research could further aid in developing an interface like this. Neural interfaces could open up the doors for many futuristic applications, including allowing humans to better visualize their own thoughts.

Portfolio Pulse from Rounak Jain

October 11, 2023 | 8:04 am

Activision Blizzard Inc (NASDAQ:ATVI) has announced its plans to start offering its games on Xbox Game Pass in 2024, following the impending acquisition by Microsoft Corp (NASDAQ:MSFT). However, anticipated titles such as Call of Duty: Modern Warfare III and Diablo IV will not be available on Game Pass this year. An existing agreement prevents Call of Duty from appearing on Game Pass until at least January 2025, but this does not necessarily prevent Diablo IV from potentially arriving on the service next year.

Portfolio Pulse from Franca Quarneti

October 10, 2023 | 9:10 pm

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